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Agricultural Biofungicide Market Insights 2024, Analysis and Forecast to 2029, by Market Participants, Regions, Technology, Application, Product Type

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  • 112 Pages
  • November 2024
  • Region: Global
  • Prof Research
  • ID: 6020988
Description Jump to:
The Agricultural Biofungicide market is experiencing significant transformation as demand for sustainable farming practices continues to grow globally. Biofungicides, which are derived from natural organisms and offer an eco-friendly alternative to traditional chemical fungicides, are becoming increasingly popular among farmers. This review delves into the market's overview, size, shares, trends, leading players, applications, and forecasts from 2024 to 2029.

Overview

The Agricultural Biofungicide market is an integral component of the broader agricultural bio-pesticide landscape. Biofungicides utilize various microbes such as fungi, bacteria, and other natural organisms to control plant diseases caused by pathogenic fungi. The rise in organic farming, coupled with regulatory changes favoring the use of bio-based solutions, has catalyzed growth in this market. Stakeholders are now more inclined toward biological solutions to address environmental concerns arising from chemical pest control methods.

Market Size

As of 2023, the Agricultural Biofungicide market is estimated to be valued at approximately USD 1.55 billion, with a projected growth rate of around 12.5% CAGR from 2024 to 2029. By the end of the forecast period, the market is expected to reach approximately USD 3.12 billion. The increasing adoption of biofungicides in major agricultural economies such as the United States, Brazil, China, and European countries is driving this growth.

Market Share & Trends Analysis

Based on product type, the Agricultural Biofungicide market is categorized into:

  • Trichoderma
  • Bacillus
  • Pseudomonas
  • Streptomyces
  • Others
Among these, the Trichoderma segment holds the largest market share, accounting for approximately 34% of the total market in 2023. This is primarily due to its broad-spectrum efficacy and compatibility with various cropping systems. The Bacillus segment is witnessing rapid growth due to increasing awareness among farmers regarding the benefits of Bacillus-based products in managing soil and foliar diseases.

Key Players

The Agricultural Biofungicide market features several key players, including:

  • BASF
  • Bayer
  • Syngenta
  • Nufarm
  • FMC Corporation
  • Novozymes
  • Marrone Bio Innovations
  • Koppert Biological Systems
  • Isagro
  • Bioworks
  • The Stockton Group
  • Agri Life
  • Certis U.S.A
  • Andermatt Biocontrol Ag
  • Lesaffre
  • Rizobacter
  • T. Stanes & Company
  • Vegalab
  • Biobest Group
These key players are investing heavily in R&D to develop innovative products and expand their offerings. Partnerships and collaborations are also prevalent, aimed at enhancing distribution channels and market reach.

By Process

The Agricultural Biofungicide market can also be segmented based on the process of application, which includes:

  • Soil Treatment
  • Foliar Treatment
  • Seed Treatment
  • Others
The Foliar Treatment segment is anticipated to dominate the market due to its effectiveness in protecting crops from airborne pathogens and its high adoption rate among commercial farmers.

By Application

Applications of biofungicides span across various agricultural practices, including:

  • Cereals & Grains
  • Fruits & Vegetables
  • Oilseeds
  • Others
The Fruits & Vegetables segment is projected to experience robust growth, fueled by rising consumer demand for organic produce and the increasing prevalence of fungal infections in fruit crops.

By End-Use

The market's end-use categories comprise:

  • Commercial
  • Residential
The Commercial segment remains the largest end-user due to the heightened awareness among large-scale growers regarding sustainable practices.

By Region

Geographically, the Agricultural Biofungicide market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
North America currently holds the largest share of the market, primarily driven by advanced agricultural practices and extensive R&D. However, the Asia-Pacific region is expected to grow at the highest CAGR over the forecast period, supported by increasing investments in agriculture and a shift towards organic farming.

Market News on Policy and Companies

Recent trends in governmental policies are shaping the Agricultural Biofungicide market. Many countries are adopting more stringent regulations against chemical pesticides, which is pushing farmers towards the adoption of bio-based alternatives. In the United States, the Environmental Protection Agency (EPA) is expanding its bio-pesticides program, facilitating faster entry for biofungicides into the market.

Furthermore, key players are increasingly focusing on sustainability and transparency in their operations, which is being positively received by consumers. For instance, BASF has initiated partnerships to explore the development of innovative biofungicides that cater to organic farming requirements.

Segment Forecasts (2024-2029)

Looking ahead, the Agricultural Biofungicide market is anticipated to continue its growth trajectory, with projections indicating the following trends by segment:

  • Product Type Forecast: The Trichoderma and Bacillus segments are expected to dominate, with innovations leading to new product developments and increased efficacy.
  • Application Type Forecast: Foliar treatments will maintain their prominence, while soil treatment solutions will see increasing adoption driven by a global focus on soil health.
  • Regional Growth Forecast: The Asia-Pacific region is expected to witness the most dynamic growth, with increased awareness around sustainable farming practices translating into higher adoption rates of biofungicides.
In conclusion, the Agricultural Biofungicide market is poised for strong growth due to the rising global demand for sustainable agricultural practices, supported by government policies favoring organic farming. Over the next five years, technological advancements and innovative product offerings will further enhance market prospects, making biofungicides a key player in the future of agriculture.


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Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
5.6 COVID-19 Impact
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Agricultural Biofungicide Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Agricultural Biofungicide Market in North America (2019-2029)
8.1 Agricultural Biofungicide Market Size
8.2 Agricultural Biofungicide Market by End Use
8.3 Competition by Players/Suppliers
8.4 Agricultural Biofungicide Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Agricultural Biofungicide Market in South America (2019-2029)
9.1 Agricultural Biofungicide Market Size
9.2 Agricultural Biofungicide Market by End Use
9.3 Competition by Players/Suppliers
9.4 Agricultural Biofungicide Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Agricultural Biofungicide Market in Asia & Pacific (2019-2029)
10.1 Agricultural Biofungicide Market Size
10.2 Agricultural Biofungicide Market by End Use
10.3 Competition by Players/Suppliers
10.4 Agricultural Biofungicide Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southeast Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Agricultural Biofungicide Market in Europe (2019-2029)
11.1 Agricultural Biofungicide Market Size
11.2 Agricultural Biofungicide Market by End Use
11.3 Competition by Players/Suppliers
11.4 Agricultural Biofungicide Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Agricultural Biofungicide Market in MEA (2019-2029)
12.1 Agricultural Biofungicide Market Size
12.2 Agricultural Biofungicide Market by End Use
12.3 Competition by Players/Suppliers
12.4 Agricultural Biofungicide Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Agricultural Biofungicide Market (2019-2024)
13.1 Agricultural Biofungicide Market Size
13.2 Agricultural Biofungicide Market by End Use
13.3 Competition by Players/Suppliers
13.4 Agricultural Biofungicide Market Size by Type
Chapter 14 Global Agricultural Biofungicide Market Forecast (2024-2029)
14.1 Agricultural Biofungicide Market Size Forecast
14.2 Agricultural Biofungicide Application Forecast
14.3 Competition by Players/Suppliers
14.4 Agricultural Biofungicide Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 BASF
15.1.1 Company Profile
15.1.2 Main Business and Agricultural Biofungicide Information
15.1.3 SWOT Analysis of BASF
15.1.4 BASF Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.2 Bayer
15.2.1 Company Profile
15.2.2 Main Business and Agricultural Biofungicide Information
15.2.3 SWOT Analysis of Bayer
15.2.4 Bayer Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.3 Syngenta
15.3.1 Company Profile
15.3.2 Main Business and Agricultural Biofungicide Information
15.3.3 SWOT Analysis of Syngenta
15.3.4 Syngenta Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.4 Nufarm
15.4.1 Company Profile
15.4.2 Main Business and Agricultural Biofungicide Information
15.4.3 SWOT Analysis of Nufarm
15.4.4 Nufarm Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.5 FMC Corporation
15.5.1 Company Profile
15.5.2 Main Business and Agricultural Biofungicide Information
15.5.3 SWOT Analysis of FMC Corporation
15.5.4 FMC Corporation Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.6 Novozymes
15.6.1 Company Profile
15.6.2 Main Business and Agricultural Biofungicide Information
15.6.3 SWOT Analysis of Novozymes
15.6.4 Novozymes Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.7 Marrone Bio Innovations
15.7.1 Company Profile
15.7.2 Main Business and Agricultural Biofungicide Information
15.7.3 SWOT Analysis of Marrone Bio Innovations
15.7.4 Marrone Bio Innovations Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.8 Koppert Biological Systems
15.8.1 Company Profile
15.8.2 Main Business and Agricultural Biofungicide Information
15.8.3 SWOT Analysis of Koppert Biological Systems
15.8.4 Koppert Biological Systems Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.9 Isagro
15.9.1 Company Profile
15.9.2 Main Business and Agricultural Biofungicide Information
15.9.3 SWOT Analysis of Isagro
15.9.4 Isagro Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.10 Bioworks
15.10.1 Company Profile
15.10.2 Main Business and Agricultural Biofungicide Information
15.10.3 SWOT Analysis of Bioworks
15.10.4 Bioworks Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.11 The Stockton Group
15.11.1 Company Profile
15.11.2 Main Business and Agricultural Biofungicide Information
15.11.3 SWOT Analysis of The Stockton Group
15.11.4 The Stockton Group Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.12 Agri Life
15.12.1 Company Profile
15.12.2 Main Business and Agricultural Biofungicide Information
15.12.3 SWOT Analysis of Agri Life
15.12.4 Agri Life Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.13 Certis U.S.A
15.13.1 Company Profile
15.13.2 Main Business and Agricultural Biofungicide Information
15.13.3 SWOT Analysis of Certis U.S.A
15.13.4 Certis U.S.A Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.14 Andermatt Biocontrol Ag
15.14.1 Company Profile
15.14.2 Main Business and Agricultural Biofungicide Information
15.14.3 SWOT Analysis of Andermatt Biocontrol Ag
15.14.4 Andermatt Biocontrol Ag Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.15 Lesaffre
15.15.1 Company Profile
15.15.2 Main Business and Agricultural Biofungicide Information
15.15.3 SWOT Analysis of Lesaffre
15.15.4 Lesaffre Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.16 Rizobacter
15.16.1 Company Profile
15.16.2 Main Business and Agricultural Biofungicide Information
15.16.3 SWOT Analysis of Rizobacter
15.16.4 Rizobacter Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.17 T. Stanes & Company
15.17.1 Company Profile
15.17.2 Main Business and Agricultural Biofungicide Information
15.17.3 SWOT Analysis of T. Stanes & Company
15.17.4 T. Stanes & Company Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.18 Vegalab
15.18.1 Company Profile
15.18.2 Main Business and Agricultural Biofungicide Information
15.18.3 SWOT Analysis of Vegalab
15.18.4 Vegalab Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
15.19 Biobest Group
15.19.1 Company Profile
15.19.2 Main Business and Agricultural Biofungicide Information
15.19.3 SWOT Analysis of Biobest Group
15.19.4 Biobest Group Agricultural Biofungicide Revenue, Gross Margin and Market Share (2019-2024)
List of Tables and Figures
Table Abbreviation and Acronyms
Table Research Scope of Agricultural Biofungicide Report
Table Data Sources of Agricultural Biofungicide Report
Table Major Assumptions of Agricultural Biofungicide Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Agricultural Biofungicide Picture
Table Agricultural Biofungicide Classification
Table Agricultural Biofungicide Applications
Table Drivers of Agricultural Biofungicide Market
Table Restraints of Agricultural Biofungicide Market
Table Opportunities of Agricultural Biofungicide Market
Table Threats of Agricultural Biofungicide Market
Table COVID-19 Impact For Agricultural Biofungicide Market
Table Raw Materials Suppliers
Table Different Production Methods of Agricultural Biofungicide
Table Cost Structure Analysis of Agricultural Biofungicide
Table Key End Users
Table Latest News of Agricultural Biofungicide Market
Table Merger and Acquisition
Table Planned/Future Project of Agricultural Biofungicide Market
Table Policy of Agricultural Biofungicide Market
Table 2019-2029 North America Agricultural Biofungicide Market Size
Figure 2019-2029 North America Agricultural Biofungicide Market Size and CAGR
Table 2019-2029 North America Agricultural Biofungicide Market Size by Application
Table 2019-2024 North America Agricultural Biofungicide Key Players Revenue
Table 2019-2024 North America Agricultural Biofungicide Key Players Market Share
Table 2019-2029 North America Agricultural Biofungicide Market Size by Type
Table 2019-2029 United States Agricultural Biofungicide Market Size
Table 2019-2029 Canada Agricultural Biofungicide Market Size
Table 2019-2029 Mexico Agricultural Biofungicide Market Size
Table 2019-2029 South America Agricultural Biofungicide Market Size
Figure 2019-2029 South America Agricultural Biofungicide Market Size and CAGR
Table 2019-2029 South America Agricultural Biofungicide Market Size by Application
Table 2019-2024 South America Agricultural Biofungicide Key Players Revenue
Table 2019-2024 South America Agricultural Biofungicide Key Players Market Share
Table 2019-2029 South America Agricultural Biofungicide Market Size by Type
Table 2019-2029 Brazil Agricultural Biofungicide Market Size
Table 2019-2029 Argentina Agricultural Biofungicide Market Size
Table 2019-2029 Chile Agricultural Biofungicide Market Size
Table 2019-2029 Peru Agricultural Biofungicide Market Size
Table 2019-2029 Asia & Pacific Agricultural Biofungicide Market Size
Figure 2019-2029 Asia & Pacific Agricultural Biofungicide Market Size and CAGR
Table 2019-2029 Asia & Pacific Agricultural Biofungicide Market Size by Application
Table 2019-2024 Asia & Pacific Agricultural Biofungicide Key Players Revenue
Table 2019-2024 Asia & Pacific Agricultural Biofungicide Key Players Market Share
Table 2019-2029 Asia & Pacific Agricultural Biofungicide Market Size by Type
Table 2019-2029 China Agricultural Biofungicide Market Size
Table 2019-2029 India Agricultural Biofungicide Market Size
Table 2019-2029 Japan Agricultural Biofungicide Market Size
Table 2019-2029 South Korea Agricultural Biofungicide Market Size
Table 2019-2029 Southeast Asia Agricultural Biofungicide Market Size
Table 2019-2029 Australia Agricultural Biofungicide Market Size
Table 2019-2029 Europe Agricultural Biofungicide Market Size
Figure 2019-2029 Europe Agricultural Biofungicide Market Size and CAGR
Table 2019-2029 Europe Agricultural Biofungicide Market Size by Application
Table 2019-2024 Europe Agricultural Biofungicide Key Players Revenue
Table 2019-2024 Europe Agricultural Biofungicide Key Players Market Share
Table 2019-2029 Europe Agricultural Biofungicide Market Size by Type
Table 2019-2029 Germany Agricultural Biofungicide Market Size
Table 2019-2029 France Agricultural Biofungicide Market Size
Table 2019-2029 United Kingdom Agricultural Biofungicide Market Size
Table 2019-2029 Italy Agricultural Biofungicide Market Size
Table 2019-2029 Spain Agricultural Biofungicide Market Size
Table 2019-2029 Belgium Agricultural Biofungicide Market Size
Table 2019-2029 Netherlands Agricultural Biofungicide Market Size
Table 2019-2029 Austria Agricultural Biofungicide Market Size
Table 2019-2029 Poland Agricultural Biofungicide Market Size
Table 2019-2029 Russia Agricultural Biofungicide Market Size
Table 2019-2029 MEA Agricultural Biofungicide Market Size
Figure 2019-2029 MEA Agricultural Biofungicide Market Size and CAGR
Table 2019-2029 MEA Agricultural Biofungicide Market Size by Application
Table 2019-2024 MEA Agricultural Biofungicide Key Players Revenue
Table 2019-2024 MEA Agricultural Biofungicide Key Players Market Share
Table 2019-2029 MEA Agricultural Biofungicide Market Size by Type
Table 2019-2029 Egypt Agricultural Biofungicide Market Size
Table 2019-2029 Israel Agricultural Biofungicide Market Size
Table 2019-2029 South Africa Agricultural Biofungicide Market Size
Table 2019-2029 Gulf Cooperation Council Countries Agricultural Biofungicide Market Size
Table 2019-2029 Turkey Agricultural Biofungicide Market Size
Table 2019-2024 Global Agricultural Biofungicide Market Size by Region
Table 2019-2024 Global Agricultural Biofungicide Market Size Share by Region
Table 2019-2024 Global Agricultural Biofungicide Market Size by Application
Table 2019-2024 Global Agricultural Biofungicide Market Share by Application
Table 2019-2024 Global Agricultural Biofungicide Key Vendors Revenue
Figure 2019-2024 Global Agricultural Biofungicide Market Size and Growth Rate
Table 2019-2024 Global Agricultural Biofungicide Key Vendors Market Share
Table 2019-2024 Global Agricultural Biofungicide Market Size by Type
Table 2019-2024 Global Agricultural Biofungicide Market Share by Type
Table 2024-2029 Global Agricultural Biofungicide Market Size by Region
Table 2024-2029 Global Agricultural Biofungicide Market Size Share by Region
Table 2024-2029 Global Agricultural Biofungicide Market Size by Application
Table 2024-2029 Global Agricultural Biofungicide Market Share by Application
Table 2024-2029 Global Agricultural Biofungicide Key Vendors Revenue
Figure 2024-2029 Global Agricultural Biofungicide Market Size and Growth Rate
Table 2024-2029 Global Agricultural Biofungicide Key Vendors Market Share
Table 2024-2029 Global Agricultural Biofungicide Market Size by Type
Table 2024-2029 Agricultural Biofungicide Global Market Share by Type

Companies Mentioned

  • BASF
  • Bayer
  • Syngenta
  • Nufarm
  • FMC Corporation
  • Novozymes
  • Marrone Bio Innovations
  • Koppert Biological Systems
  • Isagro
  • Bioworks
  • The Stockton Group
  • Agri Life
  • Certis U.S.A
  • Andermatt Biocontrol Ag
  • Lesaffre
  • Rizobacter
  • T. Stanes & Company
  • Vegalab
  • Biobest Group

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